Examples of Class A Conversion Notice in a sentence
In lieu of issuing any such fractional Common Units, the Partnership shall round the number of Common Units – Class A issued to each Class A Converting Unitholder down to the nearest whole number of Common Units – Class A and pay cash in lieu of any such fractional Unit (with the amount of such cash payment being based on the Closing Price of the Common Units – Class A on the Trading Day immediately preceding the Class A Conversion Notice Date or the Class A Forced Conversion Notice Date, as applicable).
If a Class A Conversion Notice is delivered by a Class A Preferred Unitholder to the Partnership or a Class A Forced Conversion Notice is delivered by the Partnership to a Class A Preferred Unitholder, each in accordance with Section 5.12(b)(iv)(D), the Partnership shall issue the applicable Class A Conversion Units no later than three (3) Business Days after the Class A Conversion Notice Date or the Class A Forced Conversion Notice Date, as the case may be, occurs.
Finally, PacLease may, but will not be obligated to, sell the terminated Vehicle(s) to Customer at the Early Termination Value as set forth in the applicable Schedule A Agreement; provided that in no event will the purchase price to Customer be less than twenty percent (20%) of the initial value of such Vehicle(s) as set forth on the applicable Schedule A Agreement.
Upon receipt of the Class A Conversion Notice, the Corporation shall immediately notify all holders of Class A Common Stock (other than the holder delivering such Class A Conversion Notice) of such conversion request in accordance with the provisions set forth in Section 1.5 of Part E below.
Without such intervention by the right holder, it is not possible to obtain criminal prosecutions or destruction orders.
Upon receipt of a Class A Conversion Notice, a holder of this Warrant shall be entitled to exercise this Warrant with respect to such Class A Conversion for a period of ten (10) days following such receipt.
Conversion of the Exercised Class A Shares shall be deemed to have been effected on the date on which the Class A Conversion Notice is received by the Company (for such Holder, the “Conversion Date”).
Promptly after the receipt of the Class A Conversion Notice and surrender of the Conversion Shares, the Corporation shall issue and deliver, or cause to be delivered, to the holder of the Conversion Shares or his nominee or nominees, a certificate or certificates for the number of shares of Common Stock issuable upon the conversion of such Conversion Shares.
Within two business days following the Company's receipt of notice from Class A Holders of a Class A Conversion, the Company shall provide written notice to each holder of this Warrant (a "Class A Conversion Notice") of such Class A Conversion, including (i) the names of the Class A Holders making the Class A Conversion and (ii) the number of shares of Class A Preferred Stock being converted by each such Class A Holder.
The Class A Conversion Notice shall also contain a statement of the name or names (with addresses) in which the certificate or certificates for Common Stock shall be issued.